Entrepreneurial Social Finance in Asia Working Paper No. 2

"How philanthropy in Asia will develop in the coming decade matters. Despite
economic progress having lifted millions out of poverty in the last 20 years, one half of Asia's 1.63 billion people live on incomes of less than $2 a day. We don't yet fully understand the impact of the 2008 global financial crisis on Asia, but the Asian Development Bank predicts that the number of poor in nearly half of its 25 developing member countries will increase" (Page 14 - www.bschool.nus.edu.sg/acsep)